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Gary Fritz replied:
> Herr Zebra wrote:
na that was good ole hans personally, left my poor ZeBrA on the O-list to
monitor those poor people who DOWNgraded to 00 00i and are complaining
now - I cant stand that anymore. It was the ACCIDENT waiting to happen for -
they should have known before and they KNEW (and they should stop crying
now).....
> > > % wins: Obviously, the higher the better.
> > I think thats a very difficult and dangerous number. While you are
> > right about the PSYCHOLOGICAL effects of "having a winner or a
> > looser", the bottom line is the $ results over all.
>
> I absolutely agree that the bottom line is what counts, **IF** it's a
> realistic and really-tradeable result. But system trading is a
> psychological challenge for most people, and a higher-win system is going
> to be easier to follow than a low-win system.
Sure, but the PSYCHOLOGICAL part of the system, i.e. the TRADER himself
is NOT programmable anyway. I know people who have GOOD systems and
consistently 2nd guess them and are running into a desaster.
> Furthermore, I don't agree that bottom-line profits are the MOST
> important number.
They ARE - as they will keep you in the game !.... obviously they have to be
correct and not 1 trade makes 50% of the overall net profit !
> As I said in my post, high profits from a system
> can be very misleading. I've seen too many newbies get excited about an
> S&P system that shows huge profits but averages only $50 a trade, or other
> craziness. You've got to have a system that you can trade successfully in
> REAL LIFE.
sure, and dont forget SLIP and COMISH :-))))
rgds hans
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